South Korea’s Doosan Group invested 2.3 trillion won to acquire a 70.6% stake in SK Siltron, ramping up its semiconductor sector expansion.

According to South Korean media reports, South Korea’s Doosan Group has signed an agreement with SK Group to acquire semiconductor wafer manufacturer SK Siltron. With the completion of the transaction, Doosan is expected to further enhance its competitiveness in the semiconductor industry, building on its core businesses such as energy and machinery. Doosan, the holding company of Doosan Group, disclosed on the 31st that it has signed a share purchase agreement with SK Group to acquire a 70.6% stake in SK Siltron held by SK, with a transaction value of 2.3 trillion won. However, the 29.4% stake held personally by SK Group Chairman Choi Tae-won is not included in the acquisition. SK Siltron is South Korea’s only semiconductor silicon wafer manufacturer, ranking third in global market share for 12-inch wafers. Last year, the firm’s corporate valuation exceeded 5 trillion won.